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China PBOC expected to set Yuan midpoint at 7.1869: Reuters

August 8, 2023

Yesterday, the PBOC set the USD/CNY central rate at 7.1380 People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank …

Central Banks

RBNZ stress test results for insurers show there is no stress

August 7, 2023

RBNZ Deputy Governor Christian Hawkesby announced the completion of New Zealand’s first stress test for life insurers. The test evaluated resilience against hypothetical scenarios, including …

Technical Analysis

Crude oil backs off from key ceiling area but the battle continues between buyers/sellers

August 7, 2023

Crude oil is currently trading at $82.47. Technically, that puts the price within the swing area ceiling between $82.43 and $83.44 (see yellow area and …

Technical Analysis

Canada was on holiday on Monday but that did not stop the USDCAD from reaching a key level

August 7, 2023

Canada was on holiday on Monday, but that did not stop the pair from moving up to test its 100-day moving average. The level came …

Technical Analysis

A forex quick look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start the Asian session

August 7, 2023

The technicals for the EURUSD, USDJPY and GBPUSD have similar-looking charts in the short term. The price of each are off lows from last week, …

Central Banks

US shelter inflation is likely to slow significantly over the next 18 months — SF Fed

August 7, 2023

Market participants have come to recognize the profoundly laggy measurements of shelter inflation in CPI and have been trying to look through them. That’s a …

Central Banks

BOE’s Pill: There are risks on both sides of UK inflation

August 7, 2023

Risk inflation may fall below target in years There are also risks the UK hasn’t raised rates enough Food inflation is longer-lasting than past spikes …

Cryptocurrency

PayPal launches stablecoin

August 7, 2023

PayPal USD has launched a stablecoin PYUSD. The coin is is issued by Paxos Trust Co and fully backed by US dollar deposits, short-term Treasuries …

Central Banks

Fed’s Bowman repeats that she expects additional rate increases

August 7, 2023

Will be looking for evidence that inflation is on a ‘consistent and meaningful’ downward path in making decisions Inflation still significantly above 2% target Bowman …